Solar Panel Cost Guide in Corinth, TX (2023 Update)
- Corinth Solar Installation Cost: $14,424
- 25-Year Savings: $20,109
- Payback Period: 10.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Corinth
We break down average solar pricing in Corinth.
The average cost of a solar panel system in Corinth is 2.69 per watt. Because a 7.7-kW system is needed to cover the energy needs of a typical home in Corinth, the average price of going solar will be about $14,424 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average energy use of Corinth homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. But, once you've paid the initial cost of installation, the savings for most homeowners is usually rewarding, with a net average savings of about $17,000 over 20 years on energy bills.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Corinth
| Year | Return on Investment |
|---|---|
| 1 years | $-13,042 |
| 3 years | $-10,280 |
| 5 years | $-7,517 |
| 7 years | $-4,755 |
| 9 years | $-1,992 |
| 11 years | $771 |
| 13 years | $3,533 |
| 15 years | $6,296 |
| 17 years | $9,059 |
| 19 years | $11,821 |
| 21 years | $14,584 |
| 23 years | $17,347 |
| 25 years | $20,109 |
Top Solar Installers in Corinth
When switching to solar energy, many homeowners opt to go with a solar installation company since installing solar panels yourself can be a challenging project. Plus, if you aren't sure what kind of solar panels and equipment you need, a solar company can help you figure that out after a site survey and consultation.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Corinth
Factors that Affect Solar Panel Costs in Corinth
There are several factors that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,690. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Corinth, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Corinth to be too costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in paying more over time due to interest. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Corinth, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. The company's size sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.80 | $11,750 | $15,307 | 10.9 years |
| 8 kW | $2.74 | $15,365 | $20,711 | 10.6 years |
| 10 kW | $2.69 | $18,830 | $26,265 | 10.4 years |
| 12 kW | $2.64 | $22,144 | $31,970 | 10.2 years |
| 14 kW | $2.58 | $25,308 | $37,826 | 10.0 years |
| 16 kW | $2.53 | $28,320 | $43,832 | 9.8 years |
| 18 kW | $2.47 | $31,182 | $49,989 | 9.6 years |
| 20 kW | $2.42 | $33,894 | $56,296 | 9.4 years |
How to Save on Solar Panels
The solar panel company you go with will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, such as:
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can check your installer's reputation is by reading reviews.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Contract: Review the contract terms carefully to make sure you understand the total cost, project timeline rebates and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Corinth, TX Solar Cost FAQs
How much does it cost to install solar panels in Corinth?
The average cost of solar panels in Corinth is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the actual cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Corinth?
Leasing solar panels can be an attractive choice, because it typically comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.